CFR (UK) (A company limlted by guarantee) Report and financial statements 31 December 2023 Company number 06267939 Registered Charity number 1119999 CFR (UK) Ref¢r¢ne¢ and admi0￿tIve 1llforn￿IKDll Aliyy&Begum N￿Ser (App)int¢0 28 November 2023) Salim Datiwll (Apwjint￿I 28 Novemlxr 2023) Feiza Jivrai How¢- Floor 6 4 Thom&s.More Square Elw IYW Company Rumb¢r 06267939 Charity numt*r 1119999 Auditors UHY Hacker Young 4 Thomas More Square Loudon Elw IYW Lloy&8 TSB BankPIc Pall Mall St James's BTaneh &IO Water1￿ Place London SWIY 4BE Stone King LLP 13 (3wi Square BAI 2HJ co￿ENTs Page Rel￿ ofthe TnL*s Independent auditots. Teport 8-11 12 Balance sheet 13 14 Notss to the financial statements 15-20 CFR (UK) REPORT OF THE TRLSTEES FOR THE YEAR ENDED 31 DECEMBER 211Z3 The Tr￿SteeS are ple&wf to present the Annual Report ar¥J financial statements of CFR (UK) for th¢ year ended 31 December 2023. The Trustets who held office during the year ard up to date of signature of the fironciai statements were as follows: Aliyyah-Beguro Nasser Appointsd 28 November 2023 Appoirted 28 b40vem￿2o23 Feiza Jivrai ReSig￿d 28 Novemkr 2023 Resig[￿d 28 November 2023 Sikin Velji About CFR IUIQ CFR (UK) has the aim of cQntn￿tillg to the quality of life of the m￿nE￿[S of the Shia Inwni Jsmaili Muslim Commw]ity (the 'Community') through its events and pmgrammes. The charity's obi¢¢tives refiect this aitn and are sel out below. To advance the Shia Imami Isn￿111 m￿lIm faith and traditio￿ in particular but not exclusively by holding religious gatheriDgs and c(KDmemordlive festivals iDfoTmatiotL To adVal￿e education in the history and ¢ultur¢ of the Community. To Promote the mentsl. spisin￿l. moral and ￿ysical development a￿1 imprnvement of members of the Community for the publi¢ b¢nefrt and to provide opportimities for them to develop their full witics and enable th¢m to reSpo￿lb1¢ Jllejllbers of society. To relieve the needs of thc membas of the Community. To advaJKe such exclusively cbaritsble purpw as the TnLSte& shall decide. Th¢ Trustees have Complied with ther duty to have rewd to the public l￿fiL &$ set out in the guidance ]￿Ued by the Chartty ColluDiSSiOJL The prng[￿C￿ and aoivilies of th¢ d]arity take into a¢￿u￿tthe Clwity COMll￿10n'S public Tr￿nefit criteri& Volullteers Volunteers are key to the operatsot)s of CFR(UK). The TnL%tees are gra*ful for their coJDmitrient a￿1 generous suptK>rt in the delivery of thc thatity's and in cnabling the ckniry to meet its govenwice and other r4uir¢m¢nts. The firwicial value of the contributioll made by the charity's volunteers I￿$ neither be￿1 calathd nor included iti the financial stateJn¢nts as It is difficult to quantify in monetary ternis. Achievements and Performance ID 2023 Appli¢ati0Th8 foT Wt.fimding and prOgr￿e adoplion5 are a55essed on a ¢ase-by-case basis using a llU￿ber of criÉeTi& Th¢se include the objectives of the pD)￿e and ac£essibilitv of the prograllun¢ to mar￿nalISed and Vuln￿le manbers of the ComlltUDity. RIPORT OF THE TRusfEES (tontinlled) FOR THE YEAR EI¥DED 31 DECEMBER 21123 The prOgran￿&S ard activities sllpr￿ed by CFR (LK) in 2023 in pursuance of its charitable aims were". To provide fin]ding to improve the quality of life of disadvaJtr2g&J tDembers ofthe Community th ¢omplex nee4ts. Mewbers are ¢[￿(￿￿ed to reachtheir full ￿te￿tial by signp)stingthem to relevant support mechanisms and agencies. Guida￿¢ 15 giv¢n on a range of issues with the aim of alleviating poverty and improving Ftt)usi￿ economic Well-￿1￿ educatio￿ physical and mental health. OpportLmities forrnembus of the Communitytoaccessonlineeduc*ional cout5es andtraini Cour5¢5 Und￿￿k¢ll ]￿lUde leatning Englis￿ FKalth and nutritio￿ and rr skills. Lifelollg learning benefits include improved economi¢ welfare as well a5 positive effects on the physical and mental health and well-being of the indivithJa], their families. and the Con)munKty. Four age -specific residential yourh camps for young people aged from 8 to 18 years atLd by young adults aged 21-30 yeats. These Ca￿PS have an overall purpose of provlding an environment to challenge the youth physically and intellecnjally. They help to chart a safe for them as they navigate through life challenges facing the￿ enable them to connect with others from different cultures and dIVe￿e backwThl4 w build lasting friendships and promoteapositive attitude to voluntaryservi¢e both withinthe Cojnmunity andsociety at l&ge. A SE￿£ weekendforthewhole con)muJ)ity of all agesandbackwundstOP3rticipate in various sports and activities including Climbi￿ ¢hess, netb￿ footbalL and bthintorL Additional se&sLO￿ were also held to promoie healthy lifestyles. mindfithiess and rdising awareness of noTrcottUDUDicable dise&ses and how to prevent them. Deliv¢ry of a seri¢s of art5 Com￿￿tionS aj￿ 5F￿rtS tournaments across the Uoited Kingdom and Europetoidentify taknted individuals from within the Community who will then be firther supp)rted to reprsett the COMM￿lty at a global tournament being planned foT 2025. Future Plans The Ci)arity and will c4)titinue its suppori of th¢ ¢Aisting romge of progrdmmes TO firther its objectTve& These include educ*lon￿ and SP￿rtS pmgrdmmes. youth ¢amps ond initiatives to supi disadvantag￿ me￿￿￿ In 2024, there will also be a Ser1￿ of events promoting the engagement of individuaIs inthe and SFKJrt4 niwtiuiI¥talenL buihjing self confidence in individuals and a The Trustees Contin￿ to support diversiry and inclttsion (D&D initsatives and will consider any applications for fimdiDg where is aparticular fccus. L(M)knng abea& the Trustee5 also explore supporting the exparLsion of its ￿ttllg r4llg¢ of progaes into sele¢ted ar￿ of Continentsl Ewopc where they meet the objed The Ttustee5 are grat¢ful forth¢ ongoing donalions from rcgulardonor& who have continuedto support th¢ ¢h8Tity. Th¢ Tr￿￿¢¢$ planto Und￿￿¢ fi￿kn￿IDg activities dutillg 2024 to build astrong fuJaJKial base which ￿ allow the SUPFrf)Tting of firther progr￿e5 8￿j evetts for the Community and ensure CFR (UK) REPORT OF THE TRusfEES (continued) FOR THE YEAR ENDED 31 DECEMBER2023 Financial Review A sumDiary of the result of CFR (UK)'s adivities during 2023 is given ID the Ststement of Financial Activiti&8 on pag¢ 12. The fA)mparalive figwes belo￿ r¢laTe to theyear l Janupry 2022 to 31 D¢¢¢mber 2022. The Ir￿ome from donations al￿ income g@￿rated from activities of CFR (UK) We￿ suffi¢ientto cary out the planned programme5 and events during the year. The tothl income of the clwity 8mOUllted to £466,140 (2022: £221Jlry wbich included iEKome from th￿￿10ns of £355.252 (2022.. £143.150) at income from cbaTitable adivities of £l10.888 (2022: £7&167). Governance and Administrative costs of £25.526 (2022: £19.843) CODSiSted of audit. legal attd professional fees WMI adMIn￿ve expenses. These costs were apwoved by the Tnsiee& CFR (UK) does not incur any employrnent C4>sts as all of the charitys pro￿¥m￿¢S and activiti￿ are delivered by volunteers. The totsl fijnds at 31 Decattha 21Y23 were £564256 {2(k22: £507.￿ all of which were unf￿trIcted fimds. In the Trustees, Opinio￿ there *qu* assets available to the obligalions of CFR(UK) in 2024. The chty has no long-terni investsnen Principal risks in the key aTras of CFR (UK)'s operations are reviewed and ass¢ss¢d by the TnLStees on an ongoing b&si5. Th¢ Tntstres are satisfi¢dthaÈ appropriate system5 and con1ingellCy plans aTf in place to m2Tllge and mitigate risks that have F*en identifie& The Tnths wtll rJ)Dtinue to monitor these in order to manage the delivery of its core *ivities and prioritias efftctively. Reserves Policy The Trusteeshave reviewedthe reserves of the chaity. bavingregardto the tx)wer ill the MemoTrrM and Artricles of Association of the Ch￿lty to set astde fund5 as res¢rves for fitsjre expenditure. The charity held total reserves of £564256 (2022: £567.(￿) all of whi¢h were UDre5tricted funds. Jn the opinion of the Tru5tee4 there are adequate assets available to ftdfil the routine obligatiOD5 of CFR(UK) IJJ 2024. Ass referenced abov4 the charity would lth¢ tQ 5UPWrt further progr￿e5 and ¢vents forthe CoD)muDity especiauy ncrtingthe growingne¢d for quality of life and youth development progranime& therefore the TnLts plan to improve the Teser4es held by the Ch￿lty moving forward into 2024. REPORT OF THE TRUSTEES {conlinued) FOR THE YLiR ENDED 31 DECEMBER 2023 Structur4 Governance 2nd Manag¢n)¢nt Statement of Trw¢ees'ReswpLYibilities year tn accordance with the law applicable to ¢haTities in Engtard & Wales. They have adopt&J the provisions of Accounting and Reporting by Clwitie5: Statement orR￿0M]nended Pra￿lee, applicable to ¢haFilies preparing their accounts in xcordance ￿ the United KingdoTD Accounting Standards (SpecifI¢￿ly, the United Kingdom Generally Acceptsj Accounting P￿tICe, including FRS 102.. The Financial Reporting Standard applicable in the UK aTKI Republic of Ireland). The Annu81 Report a￿1 f￿￿1claI statements a150 comply with the Compotiies Aa 2(KJ6. Company law requires the directin. who are referreAI to here as the TJustee4 to prepare fu￿1claI ststetDents for fjnancial year which give a a￿] fair view of the stste of affaiT5 of the charity at the year end and of its in¢osning resources atsj resoureos eX￿led during that year. Inpreparing those financial Ststrrnent¥ the Tntstees aTe required to: select suitable %￿untIng p)licies and then apply thull consiS￿tty. stLte whether applicable accounting standarth and statemert8 of Teeommended prdctice have teen followed subject to any deparkn disclosed afyl expla]E￿d in the fiDanciai ststements: that the charity will ¢ontinue in busi The TnL£te￿ Are rttpoA8ible for keeping proFtr accounting recoTd& which disclose with re&8onable a¢curdCy at ry lime the flnancial posilion of the charity and etthk them to ensure that the financial statements compEy with the Companies 2(KJ6. Try are also res￿rl$1b]e for safeguardingthe avts of the chatity and hettce for takins rea5¢)Dable 5ttP5 forthe prevention a￿3 detecti1￿ of fraud and oth¢r irregularities. L¥galstaftLY ¢mdGoverning doc&7ne7 CFR (UK) is a cl]aritsble company limited by g￿Jnttt. AtKorporated in England & Wales on 4 June 2007 and registered as a cFJaxity on 10 July 2￿7. The objects and Powe￿ of th¢ rnpany were established in its Memorandum of A￿CIatIOn and are governed by its Arti¢les ofAssociatio The cbarity eommen¢&l operation onthe daTr of incorporatiorn The directors ofthe clwitable company are its TnLStees forthe purFow of clwity law. The Tr￿stee$ are le for the general control and manwent of the Ch￿lty. for settiDg the overall strategy of the charity. &5 well as ILS ￿li¢leS a￿1 priorities. They are also restx)nsible for viewingand aut1￿]ngrequests forgrams and adofflion ofprogrdmmes. The TnLStees give theirtime on a voluntary basis and receive no remU[￿ratiOn or otlw fJnallciaI benefits. REPORT OF THE TRusfEES {¢ontinlled) FOR THE YEAR LNDED 31 DECEMBER 2 The Trustee5 rneet as r4uired to manage and guidethe day-t(day TUDningof CFR (UK). The Trustees aTt ￿lSted by anUrnb￿ of prof¢ssionals. maDy of wknm give oftheirtime and expertise on avoluntary AliYYah-Begu￿ Nasser, wljo is a Tr￿Stee of the Ch*ity. was also a member of the Ismaili Council for the UK during the year under review. The CouD¢i] has 22 memkTS in all. During the year, grants of £158243 (2022.. £143205) were awarded to the CounciI for various prO￿t$. These grants wer¢ only made when the TTusÉee5 wer¢ ￿]sfied that they were in keeping with the ¢harity's objective5. The Tr￿￿te&S held office during the fllwn¢ial year and the Trustees who knld office &8 at the date of tbis ryort are set out on page 3. The TnLStees are apFointed in accorda￿e with the nJle5 set out in the Articles of AssociatiOIL New Trust¢es appointed tothe charity UDd¢rgo ori¢lltstion and training ontheir l¢gal obligations ￿￿er charity alld compally law. They are aIso given training on th¢ provisions of the MeMora￿lum and Article5 ofAssO¢iatio￿ arml on the charity's sts¥tegy. de¢i5iQ]HDaknng process and FK)licies. Inieresrs ofthe None of the TnL8tees W at any titn¢ duriDg the fitiatiC￿ year, any inter￿ts in CFR (UK) that are required fo be dis¢iosea in thi5 iewrL Auditors The auditor& UHY Hxker are deemed to be reappointed under S￿lI0n 487 (2) of the Companies Act 2C￿6. Statement ofdisclosuTe lo AvditOT So far as the TnLsÈees are aware: (a) (b) there ts no relevant audit infOrn￿tIon of which th¢ compaDy's atylitors are unaware. they have taken all the Steps that they oU￿t to have taken as tnLSt¢es in order to make themselves aw7r¢ of any relevantaudit illf0rll￿tl0ll alld io establish thatthe compa￿$ auditozs The TnL*￿' report signed aDI althised on Ixhalf of the Board of Tn&ees on ... .. 2024 by: Hackeryoung QuadTrDt F*x 4 Thom￿ MOTE Squa Lcreon E1W 1YW Chartered kcourt￿n INDEPE1￿ENT AUDITORS. REPORT TO THE TRUSTEES OF CFR OpiDiOn on fmancial 5tatemeuts We bave audited the flljancial statements of CFR (UK) for the year ended 31 December 2023 which COmPri5e the Statement of Financial A￿IVItie￿ the Balance SheeL the Cash Flow Statement and notes to the financial ststements: includings1￿1]ricant a¢countingpolicies. The financial rep)rting fr3mework that has been applied intheir prePa￿tIOn is applicable law and United Kingdom Accounting Standard% including FRS 102 The Financial Rerx)rting Standard applicable in the UK and Republic of Ireland (Unikd Kingdom Germlly Accepted AccouDtiDg Practice). Itk our opinion the financial statements: give a true at¥J fair view of the slate of the charitable ¢omp8ny's affaits as at 31 DecemEer 2023, and of its incoming resour￿$ and application of resourc* illGludillg its income and expenditur for the year then ended; have been properly prepared in accordance with United Kingdom Generally A￿epted Accouniing have been prep￿ed in accordance with the requirements of the CoTDP0nies Act 2(M)6. Basis for opinion We conducteA our audit in accordance with International stand￿ on AUd￿￿g (UK) USAS (iTK)) and applicable jaw. Our responsibilities under those stand¥￿ts are fijrther described in the auditor's respoJ)sibilities forthe audit of the financial statements section of our reporL We are independent of the company in accordance with the ethical requiremetlts thai are relevant to our audit of the f]nancial statements in the UL including the FiDancÈal Reporting Council's (FRC'S) Ethi¢aI Stalldar¢l and we have fulfdled other ethical reSpO￿81b11Ities in accordance with these requiremell￿ We believe that the audit eviden¢e we have obtsined is suffi¢i¢nt and appTopria* to provide a basis for our opiniorL ConclusioDS relating to going ¢oDeern In auditingthe fir￿nCial statements. we have concluded thatthe trustees. use of the goitig coneernb&sis of accounting in the prepalation of th¢ financial sMement is approprith. B&8ed on the work we bave perfornJe(L we have not identified anv materÉa] uncertainties relating to events or conditions thaL individuajly or collectively. may cast significant doubt on the ¢lJaritable compaJJy's abilitv to continue as a going concern for a period of at least twelve months from wheD the financial statements are authorised for issue. Our responsibilities and the resw)nsibilities of the trustees with respect to going concern are described in the relevant sections of this Tew)rL Hackeryoung QL4%rar.i Hwse 4 Th￿n35 Mofe Ltr.eA)Th Ej￿ 4YW ¢JarereJ#£(tsunan INDEPEIYDENf AUDrroHs' REPORT TO THE TRUSTEES OF CFR Other illfomation The other inforniation ¢omprises the informaion included in the annual reporL including the Trustees, report other than the financial staknnents and our auditor's reportthereon. The TrLLStees are responsible for the other information. Our opinion the financial statements does not cover the other inforniation all￿ except to the extent otherwise explicitly 5txted in our rerrt we do not express any fonn of &ssurance concl￿￿10n thereo connection with our audit of the financiaI statementy our responsibility is to read the other informalion an(t in doi1)g $0, consider whetherthe other infornialion is materially inconsistent with the f￿anCIal statements or our knowledge obtsined in the audit or otherwise appears to be materially MISStste￿ If we identify sucb matuiai incoDSiStencies or apparent material missratrmenty we are r¢quir¢d to detrnnine whether there is a material missratement in the financial ststements or a material missTateJnent ofthe other infoTtnatioTr If. b&sed on the work we have performe4 we conclude that there is amaterial misstatement of this other Infi)rn￿lI0￿ we are required to rq)ort that facL We have nothing to report in this regtrd. OpinioDS on other matters preseribed bv the Compani&s Act 2(￿6 In our Opinio￿ b&sed on the work undenaken in the course of our audit: the iDforEn*ion given in the tntsteeg repon for the fmancial year for which the financial statements are prepared is consist¢nt with the financial statements" and Matters on whteh we are required to rep)rt by exeeption Inthe light ofthe knowledge and understanding of the chartrabl¢ ¢ompany and its environment obtained in the cOu￿e ofthe audiL we have not Ide￿ified ￿￿t¢[la1 ￿15s￿eMents in the t￿￿ees, reporL We hav¢ nothingtoreport inrespect of the following matters wher¢the Compatiies Act 2006 requires us to report to you 1£ in our OPiDiO adequate accountingrecords have not beenkepL or rethrns adequate for our audit have not been re¢eived from branches not visited by or the finallcial statements aTe not in agreement with the accounting rttorts and returns. or ¢¢rtain dis¢losur¢s of trustees, remuneration specified bv law aTe not made; or we have noi received all tbe infornialton and explanation5 ￿'e require for our audii; or the tntstees were not entitled to prepare the financial Sta￿rneDts in 2ccordance with the small companies. regime and take adVa￿e of the stnaIl wujpallies. exemption in preparing the tr￿￿tees. report and from the requiremellt to prepare a sirntegic reporL Responsibilities of trustees As exp12ined more fidly in the Statement of Tru5tees' ResponsTbilittes Set out on pages 6 - 7, the Tr￿Stee5 (who are a]so the directors of the chari1able company for the PUryK)se5 of co]npany law) ar¢ responsible for the PrePa￿lon of the financial statements and for being satisfied that they giv¢ a true attd fair view, and for such internal control as the Trustees detennin¢ is necessary to enable the preparation of financial statements that are free from material tnisstatemenl whether due to fraud or Hackeryoung mo￿ SoualÈ EIW1YW INDEPENDENT AUDITORS, REPORT TO THE TRugfEES OF CFR In preparing the financial statements. the TnL8tees are rwonsible for assessing the clwity's ability to ¢ontinue &$ a going Con￿ disclosiD& &$ appli¢able, maners related to going concern and ￿sIng the going concern basis of accounting unless the tnthes either intend to liquidate the cbarity or to ceage operations. or have no realistic alternative but to do so. Auditor's responsibilities for tbe audit ofthe finallcial stalements Our objecliv¢s are to obtsin reasonable &ssurJnce about whether the financial strtements as awhole are free from material misstaternenL whether due to fraud or error. and io issue an aud7tor's report that tDcludes ow opiJ)ion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance ISAS (UK) will always deTrct a material misststement when it exists. Misstatements can arise from fraud or error and are ¢onsidered material if, individually or in the aw¢gat¢. they ¢ould reasothly be eXP￿ted to inlluencethe economic decisioths of usets taken onthe basis of these financial statements. The extent to which our procedures are capable of detecting irregularitie& including is detsiled below: . the engagement partner eDsured that the engagement tram ¢olleaively had the appropriate ¢ompet¢n¢< Capabilities and skÉlls to idemify or recogni￿ norrfompliallce with applicable laws and regulations" ' we identified the law5 and regulatiorL8 applicable w the ¢harity through disc￿$s1O￿$ with 2nd other managemenl and from commercial knowledge and experience of the stttor. and . we fo¢￿ed on spttific laws and regulth'ons whi¢h we considered may have a direct mateiigl effect on the fu]ancial sratrments or the operations of the charity. including the Companies Act 2006. onti- bribery, employmen4 environmental and health and sofety Iwslatio We &ssessed the s￿SCeptIbllity of the cbariTh s fitwicial ststements to rnater1￿ misstatemenl includn obtaining an utiderstanding of how fraud might ¢￿Ur. by: ' making enquiries of martagement as to where they conside￿￿ there was susceptibility to frau4 their knowledge of actual. suspected and alleged frau￿. and ' considering the inten)al ¢ontrols in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through lltauagernent bi&g alld override of controjs, we: ' Frfornled analytical procedures to identifv any un￿￿2] or unexpected relationships" . tested journal entries to idenllfy unusual transactions. ' investig31ed the rati0j￿e behind sigoifiunt or unusual transactio￿. In response to the risk of inegularities and llOTrCQtupliance with laws and regulations we desI￿ed procedures which included. but were not limiied to: ' agreeing financial ststement disclosures to underlying supporting dLKumentstio ' reading the minutes of meetings of those charged with governance" and ' enquiring of management as to actual and potential litsgation and claims. io. Hackeryoung Cnartered ￿cO￿n￿n Loftts) i1W rNDEPEIYDENf AUDfTORS' REPORT TO THE TRUSTEES OF CFR There are inherent Ixmitations in the audit p[C￿edureS des¢riW th)ve and the furtber removed no compliance with laws and regulat[0￿$ is from the events and transactiot)s reflected in the fin8n¢iaJ statall¢nts. the l¢ss likely we would become aware of it. Also. the risk of not detecting a material misstatement du¢ to fraud is bigber than the risk of not detecting one resulting from error, as fraud may involve delii*rth con¢ea]m¢nt by, for exatnple. forgery or inteMional Misrepresentatio￿%, or throug ollusiotL A furt1￿ description of our responsibilities for the a￿lI1 of the financial statements is I￿ated on the FitL8nciaJ Reporting c0￿clI,S website at: jlwww.fro .uklaudit sibilities. This description fonlls part of OLf auditor's reporL Use of our report Thi5 report is Inade solely to the charitable company'5 members. &% abcKly. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work ILS been undertaken so that we might Stale to the ¢ompany'5 memb¢TS those mattets we are required to stste to them in an auditovs report and for no other purp¢)se. To the fu11¢5t extent permitted by law. we do not a¢cepl or #ssume responsibilxty to anyone other than the charitable company and the charitable company's memttrs a8 a I￿. for our audit worL for this reporl OT for the opiniolls we have fornieiL Harriet Hodg50ll-Grove (Senior Ststutory ADditor) For and behalf of Ully Hacker Youllg Ststsrtory Aulitor QuJ]rant House 4 Thomks More Square London Elw IYW CFR (UK) EXPENDfnTRE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER21123 2023 2023 Totsl Fpnds Total rinds funds.. 355252 355252 143.150 355252 355252 14J.150 Incorn¢ from various prograrnm¢ activities in furthernce of the objects of the cbarity 110,888 110.888 78.167 Total ille0m1￿ re￿￿ree1 466,140 466.140 221517 Re5our¢¢s Expend in fi￿e[￿nce of the objects of th¢ (443.964) 125.526) (443.964) (25,526) 1280,752) (19,843) (469.49YJ) (469.490) (300,595) Totsl resources ￿pellded (469.4￿) (469.490) (300,595) Net (defxity 5Irplus for the year (3.350) {3 J50) (79278) Totsl F￿dS bro•ght ftsrnard 567,606 s67.(￿}6 646.884 Total FTnds carriwj forward 5&1256 564256 567.606 All of the ab)ve results aTe deTived frDm continuing activities. All gains aThl losses recognised in the year are included in the above. The wtes on page5 15 10 20 forni part of these fironc1￿ stat¢m¢n 12. CFR (UK) BALAJYCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes Cllrrent assets Debtor5 Cash at bank and in hand io 8.159 574.479 10,822 567.354 581638 57&176 Creditorn amounts fallillE due vlithin olle year li (E8J82) (10570) eurrent assets 564256 567.606 Iyet assets 564256 567,606 Fulld3 14 564256 567,606 Totsi unr￿triCted fuDd5 564256 567,606 Th¢ fitwicial sta￿ellts have been pr¢patEd ill &Corda￿e with the provisio￿% applicable to comparjies subje¢l fo the Sjllall companies. regime. The fin2ttcial StateM￿lts on pages 12 to 20 were approved by tk B0￿d of TnLStees on ..... 2024 and were signed on its Erhalf by: 1/ Compauy Re￿ratIon number: 06267939 13. CFR IUK) CASH FLOW STATE￿￿￿￿[ FOR THE YEAR ENDED 31 DECEMBER 21n3 Notrs 2023 2022 Cash tiows from operating activit 13 7.125 {99.224) CbaDge IL e48h and Cash equiv¥kAts in the year 7.125 {99,224) Cash and cash equivalents at the bewing of the year 567J54 666.578 Cash aod Cash *Trlv*lents at the end of the year 574.479 567J54 The notes on pages 15 to 20 forni part of these fil￿￿141 ststemeDt 14. CFR (UK) NOTES TO THE FLYAI%CIAL StATETrtENrs FOR THE YEAR ENDED 31 DECEMBER 2023 Statutory infonnatiOD CFR (UK) is a company littkited by guarantffj domici1￿1 in Engla￿d aud Wal¢s. regstr&ion number 06267939. The regi5t¢Ted offi¢e is Qtht House Floor 6. 4 Thotllas More Squate. London Elw IYW. Accouttting w•licies The prolciple a¢¢ouating policies judgements and key sources of estimatton uncertainty in the preparation of the fitwicial statements are as follows: li Basis of prep4ratiO]k These accounts have been pryared in acc4xdantt with FRS 102 'The Fin￿￿1￿1 Reporting Stsndardapplithl¢ iu the UK and Republic of IrElaThl ('FRS 102').'Accountillgand R¢porting by Charities. the Ststement of Rec(XDmenikd Practirx for d￿ltieS applying FRS 102. the Co￿panIeS Act 2￿6 and UK G￿erallY Accepted Accounting Practice. CFR (DK) meets the defilltlioll of a public benefft entity under FRS 102. As%ts and liabiliti¢5 relevant acCO￿ling policy note The 7££ouDts preparryj ill sler11￿ which is the functional cutrew of the cl)arity. Monetary Aspartofthe going concernreview. the cash flows ofthecharity arebeing c2refiJily monitoreLL The Tnjstees are confideth the chw h&$ &lequate re5erv¢s and that there are no material uncertainties about the charity's ability to Contiz￿ a going con¢¢rn for the foresetabk Fllnds eneral funds are unrestricted funds available for at the dithion of the tr￿S in fi￿￿e￿ance of the gencrnl objettives of the cFoTity and which have not been designated for other purposes. There are no desig￿tea fun& and no restricted funds. 14 ForeigD ¢urrencies Tra￿￿tiOnS in for¢ign ¢urrencies are recor￿ at the rat¢ ruling atthe date of thelraDwtion. Monetaryassets and liabi]ities areretraJBIated *th¢rat¢ of exchaDge rulingatthebalance sbeet date orata Contracted rate. if applicabk. Exch2nge gaiD5 OT losses are included inthe StstellLent of Financial Activitie5. 15. CFR (UK) NOTES TO THE FINAliCL*L SIATEMENfs (CONfiNbTD) FOR THE YEAR ENDED 31 DECEMBER 2023 25 Incoming resollrces Volillrtary income. comprising dODatIo￿ provides core funding arjd is of getrral nature. This is recognised wlkre there ig entitlemen( certainty of receipt and the amount Can be ￿￿u[ed with sufficient reliability. VAT is accou￿ for on the stantsd rated activiti4 All such income iti the financi￿ statements is net of VAT. Investtnent Inco]2￿ is r¢cogtJisa on a receivable basis. The value ofserviees PTovided by volunteers is n0tincoTpOT*￿ into these financial statsments. Furfher detsils of the Co[￿1but10lls made by volunteers can ￿ found in the Trustees. Report. Resources expended Expen4]iture is recognised on an accDJa]s basis as iiabilty is incutred. Charitable it￿Ome and expenditstye aIlLKated to tbe rwtive ￿1vItieS and any shortfall is fund￿ fro￿ ullrestricted futKis. Prowme costs comFqise those costs incurred by the ¢h8rity in the delivery of its ¥tivities. including both costs tI￿t Can be allocated directly to s￿h actTVtties and those c4)sts ofan indiwt nature necessary to SUp￿>rt them. Governance cots includetbose costs asso¢iatedv4ith meeting the constitutional and ststutory Tequirements of charity. lfft£overable VAT is ch￿d against the category of resou￿ exFtnded for which it was in¢urred. GT2nts awarded arr charged in the year wh¢ll foTlltally awarded by the TnLStees and mmunicated to the recipienL iTrespective of the period covered by the donal10￿ as they are regarded by tbe TTUStees as obligations. Financial instruments Thc charity only has basic financial and fina￿lJI liabilTties ofa kind that qualify as basic fU￿nCIal I￿$trut￿ents. Basic financial instnllnents are initially rec4)gllised at ransaction val and subsequently measured at their s¢ttleTnentvalue. In the app]i¢ation of the ¢lJaFity's accOullti￿ policies. the tnLStees are required to make judg¢￿ents. Esti￿at¢S and ￿9]t￿pt[Ons abo￿ the carying amount of ass&$ and liabilities that Cnotreadily apparetrt frotn other sources. The estimwand associaknl assutrtptions arc based on historic￿ exFerience and other factorstbt are ¢onsid¢Ted to be relevanL Actual ffsults ￿aY The estimates and tsnderlying tssurnptic￿ are reviewed on an ongoiDg basis. Revisions to revision aff￿ts onty that perio￿ or in the period of the revisi(m and fllt￿¢ periods where the revision aff¢¢ts EK&th curr￿￿ and ruts￿e peri￿1￿. The trusteeg do not cO￿lder there to be any estimate5 or assumptions wthich have 2 Si8Dificant risk of Ca￿SIng a material adjustment to tbe cany1￿ 8mount of the and liabilities in the 16. CFR (UK) NOTES TO THE FINANCIAL STATEMEf*TS {CO.VllNUEDI FOR THE YEAR EI%DED 31 DECEMBER2023 Emolnnhents to the Trustees '0 ¢Molu￿ellts were paid to the Tr￿tees. The did claim, nor re¢ei reimbursement of expell￿ incurred bv yn the COUT5e of their duttes. Employee inforniation There were employees (2022: niD and tho¢ are no costs related io this. Voluntsry iti¢on fDDds 2023 2022 Donations and Gift Aid 355252 143.150 The costs of various pn)grame activities of the ¢h8riry can be summ3TisryJ in the following thematic area5: 31 Decernber1023 Totsl 2023 Total 21122 Note 7A (429352) (14.612) (443￿} (280.752) Govenwice and {24.686) {840) (25526) (19,843) (454.038) (15.452) (469,49)) (300595) 31 D&Yttber 2022 Totsl 2021 2022 Noll (271?79) {9.173) (280.752) (96.423) &>vernanc¢ and (19.194) (649) (19,843) (14J63) (2W.773) (9.822} (300.595) (110,786) Totsi ethts allo¢4tr 17. NOTES TO THE FINth'CLIL STATEMENTS (CONTINUED) 7a Anatysi% of direct costs Notr 2023 2022 158,243 156,770 128,951 143205 95,441 42.106 Venue ¢ost TotsI direct ¢￿ts 443,964 280.752 7.b ADalysD of governaJKe and administralion eosts 2023 2022 Profe￿lOnal and legal costs Auditors. remuneration 1.147 12,000 2,036 10.000 Totsi governance costs 13,147 12.036 2023 2022 Totsl administration eosts 12J79 7,807 Dire¢t Costs have been incurred Inf￿￿￿riDgth¢ objects ofthe clwity in the followitig thematic areas: (l) Faith andtradIti￿ (2) Communtty develoFomen¢ ar￿ (3} Paising awareness alld are allocated on a ￿￿[￿ntage basis of the totsl direc* ¢osts a$SL￿lated with the activity. 2023 Regul8r gants awarded to 158.243 143205 158.243 143205 2023 2022 Auditi)rs' rem￿t￿atIOn 12,000 10.000 18. CFR (UK) NOTES TO THE FINAliCIAL STATEMENfs (CO.VTINUED) FOR THE YEAR Ell￿ED 31 DECEMBER 21n3 io. Debton 2023 2022 Gift Aid recA)verable Other debtors 4.509 4,489 183 1458 3.692 VAT refi￿dable 3.650 8,159 10.822 ii. CreditDT5 2022 payabl¢ 6J82 I2.￿0 570 10.000 18J82 10.570 T*￿tIOn The company is a re￿[ed clwity and is n(rt liable to COlFrfxation tsA on its cE￿l￿ble activities. Gift aid donalioL8 are reclaimed by the cotDpany. 21n3 2022 Net (deficity sU￿lUS foryear (InCrea￿Y d¢cr¢w in debtors (3J50) 1663 7,812 (79278) (1.800) (18.146) 7.125 (99.224) 19. IIOTES TO THE FINANCIAL STATE.￿yr5 (Co1￿￿1￿D) FOR ThE YEAR ENDED 31 DECLIIBER 2023 21123 2(f22 Balance a8 at l January Net movement An resourc￿ for the year 567,606 (3J50) 646,884 (79278) Balance as at 31 December 564256 567.606 Reprtsented bT. 2023 2022 S82,638 {18J82) 578.176 (10.570) Current liabzlities 564256 567,606 During the reporting year. Aliyyah-Begum NasseT. Trt￿tre of the charity. was also a member of the Ismaili Council for the UK {Ihe Councilj. The Council h&s 22 membus in totsl. During the year. ￿lts of £15824i (2022: £143205) were awarded to the Council for ogrammesw]mthe Trustreshave itensatisfiedthatthese were inkeeptngwithtbe cljarity's objKlive5.